IBBI suspends Insolvency Professionals for 2 years as on Failure to Discharge Duty under Insolvency Bankruptcy Code

IBBI suspends Insolvency Professionals - Failure to Discharge Duty under Insolvency Bankruptcy Code - TAXSCAN

The Insolvency and Bankruptcy Board of India(IBBI) suspended the  Insolvency Professionals for 2 years due to Failure to Discharge Duty under the Insolvency and Bankruptcy Board of India  (Inspection and Investigation) Regulations, 2017. In compliance of the directions of Hon’ble High Court of Bombay vide its Order dated 18th July 2023, after giving fresh notice…

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